Common use of Service Award Clause in Contracts

Service Award. Subject to approval by the Superior Court, in addition to a Settlement Award computed as described above, Plaintiff Xxxxx X. Xxxxx shall receive a separate Service Award, which will be treated as non-wages, on which there will be no payroll tax withholdings and for which an IRS Form 1099 (marked “Other Income”) shall be issued to the taxing authorities and Plaintiff. Subject to approval by the Superior Court, the Service Award shall be in the amount of Ten-Thousand Dollars ($10,000.00).

Appears in 1 contract

Samples: Settlement Agreement

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Service Award. Subject to approval by the Superior Court, in addition to a Settlement Award share of the Class Fund computed as described above, Plaintiff Xxxxx Xxxxxx X. Xxxxx shall receive a separate Service Award, which will be treated as non-wages, on which there will be no payroll tax withholdings and for which an IRS Form 1099 1099-MISC (marked “Other Income”) shall be issued to the taxing authorities and Plaintiff. Subject to approval by the Superior Court, the Service Award amount paid to Plaintiff for his service award shall be in the amount of Ten-Seven Thousand Five Hundred Dollars ($10,000.007,500).

Appears in 1 contract

Samples: Settlement Agreement

Service Award. Subject to approval by the Superior Court, in addition to a Settlement Award computed as described above, Plaintiff Xxxxx X. Xxxxx Xxxxxx Xxxxxxxx shall receive a separate Service Award, which will be treated as non-wages, on which there will be no payroll tax withholdings and for which an IRS Form 1099 1099-MISC (marked “Other Income”) shall be issued to the taxing authorities and Plaintiff. Subject to approval by the Superior Court, the Service Award amount paid to Plaintiff Xxxxxx Xxxxxxxx for his service award shall be in the amount of Ten-Five Thousand Dollars ($10,000.005,000.00).

Appears in 1 contract

Samples: Settlement Agreement

Service Award. Subject to approval by the Superior Court, in addition to a Settlement Award computed as described above, Plaintiff Xxxxx X. Xxxxx each of the Named Plaintiffs shall receive a separate Service Award, which will be treated as non-wages, on which there will be no payroll tax withholdings and for which an IRS Form 1099 (marked “Other Income”) shall be issued to the taxing authorities and PlaintiffNamed Plaintiffs. Subject to approval by the Superior Court, the each Service Award shall be in the amount of Ten-Thousand Two Thousand, Five Hundred Dollars ($10,000.002,500.00).

Appears in 1 contract

Samples: Settlement Agreement

Service Award. Subject to approval by the Superior Court, in addition to a Settlement Award computed as described above, Plaintiff Xxxxx X. Xxxxx Xxxxxxx Xxxxxx shall receive a separate Service Award, which will be treated as non-wages, on which there will be no payroll tax withholdings and for which an IRS Form 1099 (marked “Other Income”) shall be issued to the taxing authorities and Plaintiff. Subject to approval by the Superior Court, the Service Award shall be in the amount of TenFive-Thousand Dollars ($10,000.005,000.00).

Appears in 1 contract

Samples: Settlement Agreement

Service Award. Subject to approval by the Superior Court, in addition to a Settlement Award computed as described above, Plaintiff Xxxxx X. Xxxxx shall receive from the Class Fund a separate Service Award, which will be treated as non-wages, on which there will be no payroll tax withholdings and for which an IRS Form 1099 (marked “Other Income”) shall be issued to the taxing authorities and Plaintiff. Subject to approval by the Superior Court, the Service Award shall be in the amount of TenTwo-Thousand Dollars ($10,000.002,000.00).. SETTLEMENT AGREEMENT - 5

Appears in 1 contract

Samples: Settlement Agreement

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Service Award. Subject to approval by the Superior Court, in addition to a Settlement Award computed as described above, Plaintiff Xxxxx X. Xxxxx shall receive a separate Service Award, which will be treated as non-wages, on which there will be no payroll tax withholdings and for which an IRS Form 1099 1099-MISC (marked “Other Income”) shall be issued to the taxing authorities and Plaintiff. Subject to approval by the Superior Court, the Service Award amount paid to Xxxxxxx Xxxx for his service award shall be in the amount of Ten-Thousand Six Thousand, Five Hundred Dollars ($10,000.006,500).

Appears in 1 contract

Samples: Settlement Agreement

Service Award. Subject to approval by the Superior Court, in addition to a Settlement Award computed as described above, Plaintiff Xxxxx Xxxx X. Xxxxx Xxxxxxxx shall receive a separate Service Award, which will be treated as non-wages, on which there will be no payroll tax withholdings and for which an IRS Form 1099 1099-MISC (marked “Other Income”) shall be issued to the taxing authorities and Plaintiff. Subject to approval by the Superior Court, the Service Award shall be in the amount of Ten-Thousand Seven Thousand, Five Hundred Dollars ($10,000.007,500).

Appears in 1 contract

Samples: Settlement Agreement

Service Award. Subject to approval by the Superior Court, in addition to a Settlement Award computed as described above, Plaintiff Xxxxx X. Xxxxx Xxxxxx Xxxxxx shall receive a separate Service Award, which will be treated as non-wages, on which there will be no payroll tax withholdings and for which an IRS Form 1099 1099-MISC (marked “Other Income”) shall be issued to the taxing authorities and Plaintiff. Subject to approval by the Superior Court, the Service Award shall be in the amount of Ten-Thousand Seven Thousand, Five Hundred Dollars ($10,000.007,500).

Appears in 1 contract

Samples: Settlement Agreement

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